How was your weekend?
We are looking forward to a week of warm weather, suits and races!
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$1,992.53 (+0.35%)
Silver: US$23.21 (+2.03%)
Nickel (3mth): US$17,979/t (-0.19%)
Copper (3mth): US$8,143/t (+0.41%)
Oil (WTI): US$80.51 (-2.36%)
Oil (Brent): US$85.17 (-1.93%)
Iron 62pc Fe: US$126.15/t (+0.46%)
AUD/USD: 0.6515 (+1.21%)
Across markets
ASX to open flat, Cup Day hike at 69pc
AMP chief economist Shane Oliver observed there appeared to be “intense” pressure on the governor not to raise rates, with “a bit more politics around the decision than normal”.
Even so, bond traders have ramped up their expectations for such a move, and on Friday ascribed a 69 per cent chance to Ms Bullock lifting the cash rate on Melbourne Cup day by 0.25 percentage points from the present 4.1 per cent. The Australian dollar also closed above US65¢ for the first time since August 10.
Australia’s sharemarket will likely remain subdued until the RBA’s decision at 2.30pm AEDT on Tuesday.
ASX futures finished up just 14 points, or 0.2 per cent higher, in US trading on Friday despite a strong finish on Wall Street with S&P 500 climbing 0.9 per cent to cap its best weekly performance this year.
Investors continue to pile into the US sharemarket after the latest batch of economic data bolstered hopes that the Fed might be done raising interest rates to bring inflation under control.
In contrast to market pricing for the RBA, where bond markets are fully positioned for a rate increase next year, Fed swaps show traders ascribe just a 16 per cent chance of tightening by the US central bank in January, and have fully priced in a cut by June next year, according to Bloomberg.
Source: AFR
- Pure Hydrogen rounds out September quarter with marquee board appointment
- Agreement executed for third hydrogen fuel cell electric truck trial
- Investee company H2X Global advances London listing plans
Pure Hydrogen continues to build on the recent appointment of former NT chief minister Adam Giles as it seeks to become a leading supplier of green, emerald and turquoise hydrogen fuel and hydrogen-powered commercial vehicles.
Australia has an emerging hydrogen sector and Pure Hydrogen Corporation (ASX:PH2) is rapidly breaking clear of the peloton of potential suppliers of this low-emission fuel source.
PH2 believes growth of this promising industry lies with large-scale adoption of hydrogen-fuelled heavy transport vehicles.
The company already has several agreements in train with customers across various markets which could see it very quickly realise its zero-carbon ambitions.
Yesterday’s appointment of former Northern Territory chief minister Adam Giles as non-executive independent chairman rounded out another busy quarter for PH2.
Source:Stockhead
Company: Alderan Resources (ASX:AL8)
Sector: Lithium
Deal Type: Placement
Raise Amount: $1.75M
Latest Entry Price: $0.006 with a 1:2 AL8OA
Today’s Price Change: $0.012 +9.09%
Company: Terra Uranium (ASX:T92)
Sector: Uranium
Deal Type: IPO
Raise Amount: $7.5M
Latest Entry Price: $0.20
Today’s Price Change: $0.135 +3.85%
Company: Patagonia Lithium (ASX:PL3)
Sector: Lithium
Deal Type: IPO
Raise Amount: $8.6M
Latest Entry Price: $0.20
Today’s Price Change: $0.12 Unchanged
Company: Gold Mountain Limited (ASX:GMN)
Sector: Lithium
Deal Type: Placement
Raise Amount: $2.25M
Latest Entry Price: $0.0075
Today’s Price Change: $0.005 -16.67%
Company: Unith Ltd. (ASX:UNT)
Sector: AI/ChatGPT
Deal Type: Placement
Raise Amount: $4.5M
Latest Entry Price: $0.033 with a 1:1 UNTO
Today’s Price Change: $0.02 +5.26%
Company: Volt Resources Ltd. (ASX:VRC)
Sector: Battery Metals
Deal Type: Placement
Raise Amount: $5.75M
Latest Entry Price: $0.011
Today’s Price Change: $0.007 Unchanged
Company: Castle Minerals Ltd. (ASX:CDT)
Sector: Battery Metals/Base Metals
Deal Type: Placement
Raise Amount: $1.52M
Latest Entry Price: $0.02 with a 2:3 CDTOA
Today’s Price Change: $0.011 +4.76%
Company: Avenira Ltd. (ASX:AEV)
Sector: Phosphate
Deal Type: Placement
Raise Amount: $2.1M
Latest Entry Price: $0.01 with a 1:2 AEVO
Today’s Price Change: $0.0135 +3.85%
Company: Latrobe Magnesium Ltd. (ASX:LMG)
Sector: Magnesium
Deal Type: Placement
Raise Amount: $3M & $11.5M
Latest Entry Price: $0.10 with a 1:4 LMGO
Today’s Price Change: $0.047 -2.08%
Company: Askari Metals Ltd (ASX:AS2)
Sector: Mining
Deal Type: IPO
Raise Amount: $5.7M
Latest Entry Price: $0.35 with a 1:3 AS2O
Today’s Price Change: $0.175 Unchanged
Company: iCandy (ASX:ICI)
Sector: Gaming & Digital Advertising
Deal Type: Placement
Raise Amount: $1.25M
Latest Entry Price: $0.02 with a 1:1 ICIOB
Today’s Price Change: $0.029 -3.33%
Company: Fatfish Group (ASX:FFG)
Sector: Fintech
Deal Type: Placement
Raise Amount: $1.5M
Latest Entry Price: $0.015 with a 1:2 FFGOA
Today’s Price Change: $0.011 +10.00%
Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $0.43 Unchanged
Company: ReNu Energy Limited (ASX:RNE)
Sector: Energy
Deal Type: Placement
Raise Amount: $1.46M
Latest Entry Price: $0.06 with a 1:1 RNEO
Today’s Price Change: $0.0225 +7.14%
Company: Carly Holdings Ltd (ASX:CL8)
Sector: AI and Car subscription
Deal Type: Placement
Raise Amount: $1.25M
Latest Entry Price: $0.025 with a 1:2 CL8O
Today’s Price Change: $0.017 Unchanged
Company: Avecho Biotechnology (ASX:AVE)
Sector: CBD
Deal Type: Placement
Raise Amount: $5M
Latest Entry Price: $0.006 with a 3:2 AVEOA
Today’s Price Change: $0.004 +33.33%
Company: ECS Botanics Holdings Ltd (ASX:ECS)
Sector: Medicinal Cannabis
Deal Type: Placement
Raise Amount: $6.6M
Latest Entry Price: $0.033 with 1:2 ECSO
Today’s Price Change: $0.023 Unchanged
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
Peak on 1300 304 460
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